FRIDAY, March 29, 2024
nationthailand

Maybank Kim Eng Securities (Thailand)’s debentures get ‘AA(tha)’ rating from Fitch

Maybank Kim Eng Securities (Thailand)’s  debentures get ‘AA(tha)’ rating from Fitch

Fitch Ratings (Thailand) on Tuesday assigned a national long-term rating of “AA(tha)” to Maybank Kim Eng Securities (Thailand)’s upcoming baht-denominated subordinated debentures.

The listed company will issue up to Bt500 million of such debentures, which at issue will have a maximum tenor of one year. 

The securities firm plans to use the proceeds from the issuance to manage its funding and liquidity requirements.

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